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Life Insurance and Health Insurance

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Who gets your death benefit once you die?

a)

Insurance Company

b)

Business Partner

c)

Your Beneficiaries

d)

Your Pets

e)

Charity

2.

When do you need life insurance?

a)

If you're married

b)

If you're a single parent

c)

If you have kids

d)

If you don't have a spouse and/or kids

e)

You don't need it.

3.

How large of a policy do you need for life insurance?

a)

Five to seven times your annual salary

b)

Ten times your annual salary

c)

One to four times your annual salary

d)

Ten+ times your annual salary

4.

How much does life term insurance cover?

a)

A couple of years at a time, then it must be renewed.

b)

For life.

c)

A couple of years at a time, then it can't be renewed.

5.

What should you do when your partner is not covered by health insurance and you are?

a)

See if you can add him/her to your health insurance policy.

b)

Help him/her find a health insurance policy through their job.

c)

Do nothing.

d)

Find your own health insurance policy outside of work.

6.

What is true about health insurance?

a)

It's expensive

b)

It's complicated

c)

There's too many options to choose from

d)

It's optional

e)

It's easy to pick the right plan

7.

How can you get covered by health insurance?

a)

Through your job

b)

Through your partners job

c)

Through outside plans

d)

You are always covered since birth

8.

What are two types of health insurance coverage?

a)

Managed care plans

b)

Free-for-service plans

c)

Premium plans

d)

Out-of-state plans

9.

What health insurance coverage allows you to use any provider you wish?

a)

Managed care plans

b)

Free-for-service plans

10.

Which type of health insurance coverage has a list of healthcare providers?

a)

Managed care plans

b)

Free-for-service plans